Piper Jaffray Bullish On Solar, Initiates More Coverage; Sunpower (SPWRA) Downgraded By Soleil

Piper Jaffray initiated coverage on several solar stocks last night and is generally bullish with 9 Overweights and a few Neutral ratings.  Most of the price targets are way above the current prices.  Here’s the run down…


First Solar (FSLR) with 200 price target.

Renesola (SOL) with 20 price target.

Yingli Green Energy (YGE) 14 PT.

LDK Solar (LDK) 12 PT

SatCon Technology (SATC) 5 PT

Trina Solar (TSL) 35 PT

SunPower (SPWRA) 20 PT

GT Solar (SOLR) 10 PT

JA Solar (JASO) 12 PT


Power One (PWER) 10 PT

Suntech (STP) 9 PT

Canadian Solar (CSIQ) 14 PT

This morning Soleil has downgraded Sunpower (SPWRA) to Neutral from Buy based on valuation due to a big run over the past few weeks.  However, the stock continues to look much more bullish and surged with heavy volume off the 50 day moving average yesterday.  The stock has been helped recently by takeover rumors.

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